Ltcg

Capital bring home the bacons account scheme to your rescue Sandeep Shanbhag / Mumbai May 22, 2011, 00:51 IST Ads by Google HDFC Fixed Deposits : Highest HDFC Deposit Interest Rates in effect(p) & Secure, apparel Now! www.HDFC.com/Deposits It will shield you from paying outstanding gains task on scratchs accrued from the sale of spot darn earning an interest on it. The interest income, however, will be valuate r dismantleueed. The palmy real estate market had meant Kapil Kumar could like to sell his support in Pune for a neat profit. He had bought the place with the conceit that one sidereal day he would bring out from his job and in like manner from Mumbai. However, 10 geezerhood on, the price he was getting was something he hadnt even dreamt. Wanting to make hay while the sun shines, he completed the deal in personality time. The only stay that remained was the long-term capital gains (LTCG) tax. And in this case, lofty profits meant high tax. This set Kumar thinking of ways to preserve it.

Click hither for Cloud Computing Also Read Related Stories word of honor Now -No capital gains tax on re-organisation -India inks DTAA with Colombia to prevent tax evasion -Financial checklist for home-bound NRIs -Exim club to simplify tax, foreign trade -No veritable figures on black money deposits: Fin Min -MF schemes spinal fusion hits taxation hurdle He had heard that investing the profit back in real estate does help surrender tax. However, he didnt want to buy any situation in the live market. A visit to his chartered comptroller (CA) was, thus, warranted. His CA told him the Income value Act exempts capital gains from the sale of a house if the taxpa! yer invests the similar within two age from the day of the month of sale, or constructs other house property within three years from the date of sale. If the entire capital gain is not used, proportionate minus is also available. So, Kumar has two years to buy a in the buff house. However, what if by July 31, the remnant date for filing the tax return, he hasnt managed to install the...If you want to get a encompassing essay, order it on our website: OrderEssay.net

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